Ailytics, a Singapore company whose software turns existing industrial security cameras into real-time safety monitors, has raised $7.4m in an oversubscribed Series A round led by Tin Men Capital. The company announced the round on 26 October 2026.
SG Growth Capital and Safie, a Japanese cloud camera company, also took part, along with one of Japan's largest construction companies, family offices and returning investors, none of whom were named. The company did not disclose a valuation.
The round follows a $2.7m pre-Series A that Tin Men Capital also led in April 2024.
“We are building a global industrial AI company from Singapore, and our biggest chapter is still ahead,”Lenard Tan, Co-Founder and CEO, Ailytics
What Ailytics does
Most heavy-industry worksites already have cameras, but the footage is usually watched only after an accident. Ailytics' platform, Ailyssa, connects to those cameras and flags hazards as they happen. The company says it can work out three-dimensional distances from a single two-dimensional video feed.
In June the company added AilyssaX, a reasoning engine that interprets scenes and checks whether multi-step procedures are followed, with the aim of producing fewer false alerts. Ailytics says five years of live deployments have trained the system to cope with rain, dust, poor light, blocked views and old cameras.
The business began in 2019 as a joint research project between the National University of Singapore and the Housing and Development Board, and started out on public housing construction projects with contractors such as Woh Hup, Obayashi and Soilbuild. Its larger customers now include the steelmaker NatSteel, the PaxOcean shipyard in Indonesia, DHL and Rome's Leonardo da Vinci International Airport, and it runs on more than 1,000 cameras at the Changi Airport Terminal 5 construction site.
Growth since the last round
Ailytics says it has grown from 70 projects in four countries at the time of its 2024 round to more than 400 deployments in 15 countries, including the US, Australia, the Netherlands, Hong Kong, Japan, the UAE and Saudi Arabia. It says its system has detected more than 5.7 million hazards across more than 500 million square metres of worksites.
The company also cites customer-reported results of a 73% fall in total recordable incident rates and 84% fewer safety non-compliances. These figures come from the company and were not independently verified.
Japan is a priority market. TNGlobal reported that Ailytics signed a memorandum of understanding with Safie in April 2026, and that Safie supplies 29 of Japan's 30 largest construction companies.
What the money is for
Ailytics will use the money to build local teams in the US, Japan, Australia and the Gulf, and to move beyond construction into manufacturing, logistics, oil and gas, maritime and mining. Chief executive Lenard Tan said that in the US the company wants to win mid-sized industrial firms that larger rivals have priced out.
Part of the round will go into building the company's own domain-specific AI models. Co-founder and chief technology officer Prateek Manocha said this would help keep the cost of running its AI low as demand grows.
Jeremy Tan, co-founder and managing partner of Tin Men Capital, pointed to the team's understanding of customer workflows and compliance rules, and said the company's access to non-public data makes its models sharper for these uses. He also said Ailytics has client churn below 1%.
Company website: ailytics.ai